Caution in the lifetime mortgages market by Finance News Bulletin

Published: 27/11/07

in spite of a slight increase in the number of lifetime mortgages between 2005 and 2006, the size of the average lifetime loan fell somewhat, according to new figures released by the Council of Mortgage Lenders The move marks a careful be inclined in this niche of the mortgage market, as high-quality practice becomes more extensive, borrowers become more educated, and lenders err on the side of caution The average size of loans cut down from 45,000 pounds to 41,000 pounds, and finally to 38,400 pounds in DecemberJackie Bennett, the CML head of rule, reportedly said: "The tendency towards smaller loan amounts on lifetime mortgages suggests that lenders and mediators are being careful to ensure that people are only borrowing what they need

"The novel trend may build confidence, particularly with new FSA system becoming tighter As consumers become more concerned about levels of debt, lifetime mortgages seem to be becoming more sensiblecountry areas may require more homes to help frustrated mortgage holders, analyst hints - Thu, 08 Feb 2007Record fees can crash on profits from buy-to-let mortgages, analyst suggests - Tue, 06 Feb 2007Today's Most Popular Results Mortgage Enquiry Form Need existence Insurance ------ Mortgages - Information Mortgages - house ------ Financial Services - HomeRural areas may need more homes to help aggravated mortgage holders, psychoanalyst hints - Thu, 08 Feb 2007None of the information on this website is intended to promote any exact mortgage manufactured goods or provide mortgage advice

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